Jul 31, 2011 7:00am PDT
. that it could still fall apart. in these all-important details. let's get right to jon karl who first broke this story, the story of a framework last night. jon, dan used the word at the top of the broadcast, the emphasis here is on "fragile." >> reporter: that's right. the details are still being worked out. you know how important the details are, and nobody has signed on the dotted line yet. but i am told congressional leaders will brief their membership on the framework of this tentative deal later this morning. >> majority leader. >> reporter: late last night, senate majority leader harry reid called off a vote on a debt ceiling plan, citing progress towards a deal. >> i'm glad to see this move tord cooperation and compromise. i hope it bears fruit. >> reporter: congressional sources tell abc news the two sides have tentatively agreed to a framework that includes a debt ceiling increase of up to $2.4 trillion, enough to last through the presidential election. agreement on more than $1 trillion in spending cuts over ten years and a new special congressional committee that would recommend
Jul 17, 2011 5:00pm PDT
-rights. >>> mime republican jon huntsman led a motorcycle ride through the salt lake valley this weekend. huntsman is focusing his early efforts on new hampshire. the former ambassador to china is touting his fiscal conservatism credentials. >>> democrats and republicans seemed to agree that the debt limit needs to be raised, but there was not much common ground about issues surrounding the federal budget ability the us economy. >> every leader sitting down with the president said we cannot default on america's debt. if we call into question the full faith and credit of the united states for the first time in your history, interest rates will go up and this recession will get worse. >> i don't have any confidence that anything that republican or democratic leaders is going to lead to the solutions. ill am looking for a win-win and a way to raise the debt ceil and we need to, but we need to address fundamentally what got us into debt. >> one issue now being discussed involves a balanced budget amendment to the us constitution. >>> memorial may be the final day of the minnesota's government shut
Jul 18, 2011 9:00am EDT
republican senator jon kyl. >> the country will not default whether or not there are savings in the process remains the question. at the end of the day, there will not be a default. >> dan balz is the national political reporter and the chief for "the washington post," and author of "the take." and beth reinhart is a political correspondent for the "national journal." welcome all of you. let's start with this week, dan. you've been around washington longer than everybody. i'm not just saying that because off grayer beard than i do, but this week of show votes is, we know that nothing is going to come about and any of these votes are going to pass, but why are they necessary? >> because, a, they don't have anything real to do. they feel they have to do something for a lot of the freshman republicans. they want to take these votes to show the people back home that they're doing exactly what they said they would do. but it's a, you know, it's a a charade and i think everybody recognizes that. we talked about, there's not going to be a default. in a sense, there has been a default. there's be
Jul 19, 2011 3:00am PDT
. in 30 minutes, rupert murdoch and his jon james and rebekah brooks will face questioning from another parliamentary committee. cnn will have this coverage all morning. >> rupert murdoch on the hot seat as he answers questions about what he knew about this growing phone hacking scandal.